Accounting Business Reporting for Decision Making

CHAPTER 1 Introduction to accounting and business decision making 49

5.2.3 Projected profit and loss statement (All figures are in Australian dollars)

Murphy Recruiting Pty Ltd

PROJECTED PROFIT AND LOSS STATEMENT

for the period July 2015 to June 2016

Revenues

Fees revenue 95 000

Expenses

Accounting/legal services 2 500

Advertising 3 180

Bank fees 180

Equipment purchases 8 900

Equipment leases 0

Insurance 2 500

Light and power 0

Loan repayments 0

Motor vehicle — fuel 600

Motor vehicle — other costs 0

Petty cash 300

Postage, printing and stationery 400

Rent 0

Repairs and maintenance 400

Staff superannuation 6 000

Staff director’s wages 65 320

Telephone 600

Other 650

Depreciation 1150

Total expenses 92 680

Net profit $2 320